Northrup Grumman ([[NOC]] +0.6%) may be blowing smoke by raising estimates earlier this week in the face of looming budget cuts, says Motley Fool contributor Mary Posey. Despite posting better-than-expected Q1 results, the company saw anemic growth… | PennyStockPayCheck.com

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Northrup Grumman ([[NOC]] +0.6%) may be blowing smoke by raising estimates earlier this week in the face of looming budget cuts, says Motley Fool contributor Mary Posey. Despite posting better-than-expected Q1 results, the company saw anemic growth…

Posted by admin | Posted on 29-04-2012

Category : Stocks

Tags: affect, cuts, dismal, earlier, estimates, growth, posey, post, programs, raising, results, sales, selling

Northrup Grumman (NOC +0.6%) may be blowing smoke by raising estimates earlier this week in the face of looming budget cuts, says Motley Fool contributor Mary Posey. Despite posting better-than-expected Q1 results, the company saw anemic growth and an 8% decline in sales Y/Y. The Pentagon’s budget for FY13 is already looking dismal, and any cuts would deeply affect some of the company’s top selling programs. Post your comment!

Continue reading here: Northrup Grumman ([[NOC]] +0.6%) may be blowing smoke by raising estimates earlier this week in the face of looming budget cuts, says Motley Fool contributor Mary Posey. Despite posting better-than-expected Q1 results, the company saw anemic growth…

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